Brown & Brown said one of its wholly owned subsidiaries plans to acquire the Denville, N.J.-based agency Tavor Corp. Terms of the deal were not released.
Tavor, with annualized revenues of approximately $1 million, specializes in trade credit insurance, ocean marine and international insurance. The agency, founded a quarter of a century ago by Adi and Asa Hochman, serves a broad spectrum of clients across New Jersey and throughout the country, B&B said.
The Tavor team will combine with the existing Brown & Brown metro office in Florham Park, N.J.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.